According to Odaily Odaily, Jocy, founding partner of IOSG, stated on the X platform that 2025 will be the "worst year" for the crypto market. OG investors will experience three waves of selling, from March 2024 to November 2025, with long-term holders (LTH) collectively selling approximately 1.4 million BTC (worth $121.17 billion): The first wave (late 2023 - early 2024): ETF approval, BTC price dropped from $25,000 to $73,000; the second wave (late 2024): Trump's election, BTC surged towards $100,000; the third wave (2025): BTC will remain above $100,000 for an extended period. Unlike the single, explosive distributions of 2013, 2017, and 2021, this time it will be a multi-wave, sustained distribution. The price of BTC has been consolidating near its highs for the past year, a situation unprecedented in the past. BTC, which has remained stagnant for over two years, has decreased by 1.6 million coins (approximately $140 billion) since the beginning of 2024. However, this risk also presents an opportunity, from an investment perspective:
Short term (3-6 months): Expected to fluctuate within the $87,000-$95,000 range, with institutions continuing to build positions;
Mid-term (first half of 2026): Driven by both policy and institutional factors, with a target of $120,000-$150,000;
Long term (second half of 2026): Increased volatility, depending on election results and policy continuity.
